SS&C GlobeOp: Hedge Fund Performance Index Up 0.04% In June

Jul 14 2017 | 9:59pm ET

Hedge funds were slightly positive in June, according to new data from fund administrator SS&C GlobeOp, while the company’s asset flows indicator dipped. 

The company’s widely followed SS&C GlobeOp Hedge Fund Performance Index gained 0.04% following a -0.13% dip in May. The company’s asset-weighted index flashes a monthly estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on its platform.

Meanwhile, the July reading of SS&C GlobeOp’s Capital Movement Index showed a decline of -1.80%, a large departure from last month’s +1.24% reading but still an improvement year-over-year. Similar to its performance-focused counterpart, the index tracks monthly net hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the company’s platform, divided by the total assets under administration.

"SS&C GlobeOp's Capital Movement Index for July 2017 was -1.80%, compared to -2.53% a year ago for July 2016. The month of July typically sees a net outflow owing to seasonal factors, so this smaller net outflow is actually a very positive result,” said Bill Stone, CEO of SS&C Technologies. “In fact, July 2017 marks the sixth consecutive month of improvement in the Capital Movement Index, indicating the trend toward increased asset retention by hedge funds remains firmly intact."

Windsor, CT-based SS&C’s clients represent about 10% of assets invested in the hedge fund sector. Founded in 1986, the company provides investment and financial software-enabled services to more than 10,000 financial services organizations that manage an aggregate $44 trillion in assets.

In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...


From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.